Wilmington Group Plc
14 May 2007
Wilmington Group plc
Disposal of W.D.I.S. Limited
The board of Wilmington Group plc ('Wilmington'), the professional information
and training group, is pleased to announce that Wilmington has completed the
sale of the entire issued share capital of W.D.I.S Limited ('WDIS'), which
provides circulation management, subscription handling and processing, digital
issue production and warehousing services to the publishing industry, to Optima
Data Intelligence Services Limited ('Optima') for a cash consideration of up to
£1.0 million depending on the net assets of WDIS as at completion.
Wilmington chief executive, Charles Brady, commented:
'The sale is in line with Wilmington's strategy of concentrating on its core
markets and will provide an excellent opportunity for WDIS to be further
developed by Optima. We will continue to be clients of WDIS and look forward to
seeing its progression as a publishing services specialist.'
For further information, please contact:
Wilmington Group plc 020 7422 6800
Charles Brady, Chief Executive
Basil Brookes, Finance Director
Note to Editors
Wilmington Group plc is one of the UK's leading providers of information and
training for professional business markets. Wilmington provides training,
arranges industry events and publishes magazines, directories, databases, and
special reports focused primarily on its principal sectors of Legal &
Regulatory, Healthcare, Media and Entertainment and Design and Construction.
Capitalised at approximately £198 million, Wilmington floated on the London
Stock Exchange in 1995 (www.wilmington.co.uk).
This information is provided by RNS
The company news service from the London Stock Exchange